XML 54 R42.htm IDEA: XBRL DOCUMENT v3.10.0.1
Restatement of Previously Reported Condensed Consolidated Quarterly Financial Statements - Consolidated Statement of Income (unaudited) - Summary of Restatement (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Net sales $ 4,131.0 $ 3,804.0 $ 7,912.0 $ 7,290.0
Selling, general and administrative 945.0 876.0 1,851.0 1,751.0
Other charges 6.0 8.0 47.0 33.0
Other income (24.0) (69.0) (48.0) (93.0)
Income from continuing operations before income taxes 479.0 659.0 900.0 1,105.0
Income tax expense 104.0 157.0 191.0 267.0
Income from continuing operations 375.0 502.0 709.0 838.0
(Loss)/Income from discontinued operations, net of tax 0.0 (1.0) 6.0 5.0
Net income attributable to controlling and noncontrolling interests 375.0 501.0 715.0 843.0
Net income (loss) attributable to noncontrolling interest (4.0) (5.0) (10.0) (10.0)
Net income (attributable to PPG) 371.0 496.0 705.0 833.0
Income from continuing operations, net of tax 371.0 497.0 699.0 828.0
(Loss)/Income from discontinued operations, net of tax $ 0.0 $ (1.0) $ 6.0 $ 5.0
Income from continuing operations, net of tax (in usd per share) $ 1.51 $ 1.93 $ 2.83 $ 3.22
Income from discontinued operations, net of tax (in usd per share) 0.00 0.00 0.02 0.02
Net income (attributable to PPG) (in usd per share) 1.51 1.93 2.85 3.24
Income from continuing operations, net of tax (in usd per share) 1.51 1.92 2.81 3.19
Income from discontinued operations, net of tax (in usd per share) 0.00 0.00 0.02 0.02
Net income (attributable to PPG) (in usd per share) $ 1.51 $ 1.92 $ 2.83 $ 3.21
Scenario, Previously Reported        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Net sales $ 4,134.0   $ 7,919.0  
Selling, general and administrative 963.0 $ 872.0 1,892.0 $ 1,754.0
Other charges   12.0   26.0
Other income 26.0   53.0  
Income from continuing operations before income taxes 479.0 659.0 $ 900.0 1,105.0
Restatement Adjustment        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Other charges 5.0      
Income from continuing operations before income taxes $ (5.7)      
Income from continuing operations, net of tax   (7.0)   (4.0)
(Loss)/Income from discontinued operations, net of tax   $ 2.0   $ 2.0
Income from continuing operations, net of tax (in usd per share)   $ (0.03)   $ (0.02)
Income from discontinued operations, net of tax (in usd per share)   $ 0.01   $ 0.01
Audit Committee Investigation Adjustment        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Net sales   $ 3,804.0   $ 7,290.0
Selling, general and administrative   872.0   1,754.0
Other charges       26.0
Other income   (69.0)   (93.0)
Income from continuing operations before income taxes   659.0   1,105.0
Income tax expense   157.0   267.0
Income from continuing operations   502.0   838.0
(Loss)/Income from discontinued operations, net of tax   (1.0)   5.0
Net income attributable to controlling and noncontrolling interests   501.0   843.0
Net income (loss) attributable to noncontrolling interest   (5.0)   (10.0)
Net income (attributable to PPG)   496.0   833.0
Income from continuing operations, net of tax   497.0   828.0
(Loss)/Income from discontinued operations, net of tax   $ (1.0)   $ 5.0
Income from continuing operations, net of tax (in usd per share)   $ 1.93   $ 3.22
Income from discontinued operations, net of tax (in usd per share)   0.00   0.02
Net income (attributable to PPG) (in usd per share)   1.93   3.24
Income from continuing operations, net of tax (in usd per share)   1.92   3.19
Income from discontinued operations, net of tax (in usd per share)   0.00   0.02
Net income (attributable to PPG) (in usd per share)   1.92   3.21
Common stock, dividends, per share, declared   $ 0.40   $ 0.80
Audit Committee Investigation Adjustment | Scenario, Previously Reported        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Net sales   $ 3,806.0   $ 7,292.0
Selling, general and administrative   865.0   1,753.0
Other charges       26.0
Other income   (72.0)   (96.0)
Income from continuing operations before income taxes   671.0   1,111.0
Income tax expense   162.0   269.0
Income from continuing operations   509.0   842.0
(Loss)/Income from discontinued operations, net of tax   (3.0)   3.0
Net income attributable to controlling and noncontrolling interests   506.0   845.0
Net income (loss) attributable to noncontrolling interest   (5.0)   (10.0)
Net income (attributable to PPG)   501.0   835.0
Income from continuing operations, net of tax   504.0   832.0
(Loss)/Income from discontinued operations, net of tax   $ (3.0)   $ 3.0
Income from continuing operations, net of tax (in usd per share)   $ 1.96   $ 3.23
Income from discontinued operations, net of tax (in usd per share)   (0.01)   0.01
Net income (attributable to PPG) (in usd per share)   1.95   3.24
Income from continuing operations, net of tax (in usd per share)   1.95   3.21
Income from discontinued operations, net of tax (in usd per share)   (0.01)   0.01
Net income (attributable to PPG) (in usd per share)   1.94   3.22
Common stock, dividends, per share, declared   $ 0.40   $ 0.80
Audit Committee Investigation Adjustment | Restatement Adjustment        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Net sales   $ (2.0)   $ (2.0)
Selling, general and administrative   7.0   1.0
Other charges       0.0
Other income   3.0   3.0
Income from continuing operations before income taxes   (12.0)   (6.0)
Income tax expense   (5.0)   (2.0)
Income from continuing operations   (7.0)   (4.0)
(Loss)/Income from discontinued operations, net of tax   2.0   2.0
Net income attributable to controlling and noncontrolling interests   (5.0)   (2.0)
Net income (loss) attributable to noncontrolling interest   0.0   0.0
Net income (attributable to PPG)   (5.0)   (2.0)
Income from continuing operations, net of tax   (7.0)   (4.0)
(Loss)/Income from discontinued operations, net of tax   $ 2.0   $ 2.0
Income from continuing operations, net of tax (in usd per share)   $ (0.03)   $ (0.01)
Income from discontinued operations, net of tax (in usd per share)   0.01   0.01
Net income (attributable to PPG) (in usd per share)   (0.02)   0.00
Income from continuing operations, net of tax (in usd per share)   (0.03)   (0.02)
Income from discontinued operations, net of tax (in usd per share)   0.01   0.01
Net income (attributable to PPG) (in usd per share)   (0.02)   (0.01)
Common stock, dividends, per share, declared   $ 0.00   $ 0.00